Glossary
Cash Receipt (Fiscal or System Receipt)
A document that certifies the sale of goods or services and through which commercial activity is recorded and reported to the tax authorities. It can be a fiscal cash receipt (fiscal receipt) issued via a fiscal device, or a system receipt generated through an Integrated Automated Trade Management System (for example, in e-shops, online platforms, mobile sales applications, or retail chains with integrated POS systems, etc.). It contains mandatory details, including information about the merchant, the date and time of the transaction, a description of the goods or services, quantity, price, and total amount, including applicable VAT. Every person conducting sales is required to issue a cash receipt, except in cases where payment is made via bank transfer, cash deposit, postal money transfer, or through a payment service provider. The receipt serves as proof of payment and is required for making a claim, return, exchange, or repair of the purchased goods or services.
Cash Transfer
A payment in which the payer provides cash without having a payment account in their name, with the purpose of transferring the funds to another person's account. In this case, the restrictions under the Law on Limiting Cash Payments do not apply, but for amounts above a certain threshold, the requirements of the Law on Measures Against Money Laundering must be observed, including declaring the origin of the funds and the purpose of the transaction.
Central Bank Digital Currency (CBDC)
A digital form of a country’s national currency, issued and fully backed by the central bank. CBDCs represent a new type of money that exists only in electronic form, intended to provide a secure and efficient means of payment and store of value. Unlike cryptocurrencies, CBDCs are regulated by the government and aim to complement or replace physical cash in the economy. They can be used by individuals and businesses for everyday transactions, offering benefits such as faster payments, increased access to financial services and enhanced transparency.
Central Credit Register
A database maintained by the Bulgarian National Bank containing information on all credit obligations of individuals and legal entities, as well as how they are being serviced.
Central Government - glossary for children
The government that manages the whole country and makes important decisions for all people.
Change - glossary for children
Money given back to a buyer when they pay more than the price of a purchase.
Children’s Savings Account / Savings Deposit
A special account opened in the name of a child for the purpose of saving funds. The child cannot withdraw money from the account; only a parent or guardian can do so with permission from the district court. Upon reaching adulthood, the account is transformed according to the bank’s current terms and conditions.
Civil Contract
A contract concluded between two or more natural or legal persons regulating their rights and obligations regarding a specific transaction or service. It is regulated by the Obligations and Contracts Act and the Civil Procedure Code.
Claim (Complaint)
The consumer’s legal right to require the seller, within a 2-year period, to repair or replace a defective product, refund its purchase price, or reduce the price, as well as to claim compensation for any damage caused by the defect.
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